Custer chronicle. [volume] (Custer City, Black Hills, D.T. [S.D.]) 1880-1890, 1887-01-15

How Parents Can supply Their Children
with a solid Business Foundation.

How Parents Can supply Their Children
with a solid Business Foundation.
1t is not to a haby-millionaire ! wish
to call your attention, nor even TO any
baby, but to the finances of your baby,
reader.
You, Of course, know all about what
the little fellow has cost, and know
what he is likely to cost, not only ia
dollars and cents, but in wakeful,
watchful hours and anxieties innumer-
able. But, after awhile. the now cost
ly baby will require not only schooling
but business education. and a founda-
ton upon which to stand in the great
money-getting world.
There are so many ups and downs
with prosperous people that the child
OF wealth to-day may twenty YEAR.
hence be eking out a scanty living a.
clerk, and on the other hand the littj,
Fellow whose baby wardrobe is plan,
and limited, by the same time may be
on the broad road to fortune.
While you sit by the darling's cradle
is the time to t~houghtfully mature
your plans for the future. There are
so many little trifles bought for baby
that might be dispensed with and the
money allowed to accumulate for flu
ture use. 1t is wonderful how nice n
sum may repose in one of the many
1avings-fund institutions by just a lit
tie forethought and economy. A may
or in a Southern city gave on Saturday
evenings to his four four little daugh-
ters all the dimes he happened to have
in his pocket. A lady Of my a~cquaint-
nee saved all her gold pieces for her
son, depositing them in bank to his
credit, she acting rs trustee. Another
lady, having a small house renting for
eight dollars a month, put the sum t.
her children's ccoun in the savings
fund and carefully rcfralned from
using any Of it.
know of many instances Of well-to-
do parents who are faithfully laying
up for the children, and that in u
small, matter-oi-fact way which would
astOnish many with whom they minclc
in society. A pencil and paper and n
half hour or less spent in calculating
the possible accumulation of Gwen
twenty dollars n year for twenty year.
will show what eau be done.
! had this winter in my employ nc
nurse a widow with a little girl. She
came in great distress of mind to me-
one day in reference to her money
matters. Her husband, n ~coachmai.
had had from his employer each year
a gift of fifty dollars, which, with
other earnings, had been deposited H.
bank TO the credit of the child. The
father and trustee died. and the woman.
in ignorance of how TO proceed, had
been for three years unable to use any
OF the interest for the child. The sum
had accumulated until the interest
would clothe the little girl. ! had the
pleasure OF securing "A faithful guard
ian for the child and relieving the
poor woman's mind of much anxiety,
she having supposed the sum could not
be touched until the little girl was of
age. This oma carries n small in
urance for the child. so in case Of the
mothers death thr child could be com
fortably cared for without the extreme
poverty which she would have save for
the savings of a few years ON the Iart
Of her father.
1t is a wise course for a woman 10
acluaint herself with the processes OF
the law in regard to the money belong
ing to children, also to know the rates
OF interest and values of property.
While money in bank sometimes accu-
mulates as fast as that invested. and
can be secured and used ia emerren-
cies in less time than by other forms
OF investment, there are many other
ways OF using the money saved-a
piece of land can be bought and PIT
in Baby's name, or sold again and the
money turned over and oycr.-Ba6y-
hood.